On October 3, Gulf Energy and Petroleum Economist hosted the Mexico Energy Strategy Forum 2018 directed to key players in the Mexican oil and gas industry eager to understand the best opportunities and challenges the market has to offer. During the event, both the Dutch Energy Association and Mexico Oil […]
by Arturo Mora
Amid uncertainty concerning PEMEX’s credit rating in the near future, President-Elect López Obrador’s team and the incumbent administration are laying the groundwork of the country’s energy policy transition. Meanwhile, the US concluded its second oil and gas lease in the GoM of 2018 and its oil companies are facing higher production costs.
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June closed with positive news for Mexico’s oil and gas industry, from pipelines nearing completion to high volume discoveries and CNH’s licensing round blocks as investment magnets for the country. Meanwhile, Petrobras and Ecopetrol are capitalizing on their respective oil and gas opportunities, while Saudi Aramco is sitting on 2MMb/d of idle capacity.
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On Monday 16 December, Mexico’s Secretary of Energy Pedro Joaquin Coldwell presented the International Energy Agency’s Executive Director Fatih Birol with an official letter declaring Mexico’s interest in joining the advisory organization.
The IEA was founded one year after the 1973 oil shock as an autonomous intergovernmental organization within the OECD framework, in order to […]Continue Reading →
After months of waiting, the Ministry of Energy (SENER) finally announced the deepwater blocks that would be tendered in Round One’s phase four, the crown jewel of the reform. To the surprise of industry experts, the ten blocks on offer are very different to those originally planned by the authorities earlier this year. They are […]Continue Reading →
The first tender of Mexico’s Round One, which took place on the 15th of July, has made many appearances in recent news next to unflattering adjectives such as “disappointing” or even “catastrophic”. While the first phase of Round One, Round L-01, did not meet expectations that oil companies would jump at a chance to explore […]Continue Reading →